From one boss to another: Apex Capital President Chris Bozek has some great advice for small to medium-size, independent trucking companies, including startups, on how to stay on top of technology, stay happy and healthy, keep your eye on profits and growth, and make your business successful. This blog is the first in a series with Apex Experts sharing their industry knowledge with you.
After more than 25 years as a freight factoring leader, Apex Capital continues to revolutionize the industry. As the trucking industry continues to leverage technology to accelerate change, freight factors are being challenged to do the same. Apex, at the forefront of innovation, already created its own proprietary digital payment system with blynk™. Now comes 24/7 Factoring, which allows Apex clients to factor freight invoices after hours – nights, weekends, and bank holidays. Hauling loads for a living isn’t a 9-5 job, so factoring shouldn’t be.
Truckers need to get paid fast after hauling loads. Steady cash flow is crucial to keep a small to medium-sized trucking company in business. The steadier the cash flow, the better the chances for success. Yet most carriers are lucky if they get paid in 30 days for hauling a load. That’s just the nature of the trucking industry. Luckily, today truckers do have a choice. The new blynk™ digital payment system for Apex Capital factoring clients gets trucking companies paid quicker than quick after their freight invoices are purchased. No other factoring company offers this type of payment, so no one pays you FASTER – guaranteed!
Truckers need to get paid faster, especially during these trying times. That means electronic payments, because paper checks are rapidly becoming a relic in today’s world of instant gratification and fast-moving money. The new blynk™ digital payment system from Apex Capital Corp allows Apex factoring clients to get paid in minutes with speed, ease, and security after their freight invoices are processed. This makes Apex Capital the first factoring company to offer this type of proprietary payment service to clients.
We want fast. Sometimes fast isn’t fast enough, so we choose faster. That’s today’s society, gratification is expected at the speed of a click. In trucking, where most carriers are lucky if they get paid in 30 days for hauling a load, having that money super-fast is a necessity instead of a luxury. Because steady cash flow keeps a small to medium-sized trucking company in business, not to mention helps it grow. Today, truckers do have a choice. They can choose to get paid fast with a quick pay or the new blynk™ digital payment system for Apex Capital factoring clients. Confused about quick pay and blynk™? Let’s look at both and clear the air.
As a kid, your parents would tell you, “Get out and meet people. Go make friends.” Then as an adult looking to establish a career, you’re given this advice: “Get out there and shake hands, mingle, network with potential customers and employers.” Truth is we’ve been networking since playing ball in the sand lot with a ragtag team of kids. In today’s business world, networking is as important as ever. That’s especially true if you run a trucking company. Networking is your key to customers, your ticket to lucrative hauling. Company owners are networking every day to steadily grow their trucking businesses. The difference between then and now is there are more networking tools. Is networking still new to you? Or are you still unsure exactly where and how to network? Let’s check out your opportunities to shake hands, mingle, and network.
Remember the days of CB radio and public pay phones? Now we have cell phones and mobile apps. How about the days of mailing stacks and stacks of invoices so that you can get paid for hauling loads across the country? Now we have email and image capture. The trucking industry has changed in the last decade and technology has been at the forefront of that change. At Apex, we’ve worked diligently to stay proactive instead of reactive, especially when it comes to implementing technological advancements designed to improve efficiency for truckers. Our goal has always been to make the process of getting paid faster for truckers. Meet five Apex experts that have seen more than 10 years of technological changes in the trucking industry. They have stories to tell about the way things were 10 years ago, the way things are today, and thoughts on how things will be tomorrow.
Electronic Logging Device (ELD) was the buzzword of 2017 and 2018, right? The buzzing about ELDs has lessened a little in 2019, but that’s about to change with the upcoming deadline to switch from AOBRDs to ELDs by December 16, 2019. Love or hate ELDs, they’re here to stay. During the Mid-America Trucking Show (MATS) this year, we sat down with our ELD partner, KeepTruckin (KT), to talk about the AOBRD to ELD switch. Here is what Josh Tobin, Strategic Partner Manager at KeepTruckin, had to say.
The Dock411 mission is all about creating a transparent, everybody-helps-everybody relationship between drivers and shippers. Dock411 has a rating system for drivers to give feedback to shippers. Serewicz and his team then transform those ratings into data that helps shippers improve their facilities. That, undoubtedly, improves the relationship between shippers, carriers, and drivers.